Facebook Stock: A New Week, A New Low

It seems that an extended weekend didn’t do anything to cool the price dropping frenzy that is the Facebook stock.

On the first trading day of the new week, shares of Facebook took another hit as it dropped a further to 9.62 percent or $3.07 to close out the day at $28.84. This means that in just seven days of trading, Facebook has lost over $21 billion dollars of its market cap valuation. While it doesn’t mean the company is in any sort of dire straights, it just isn’t very pretty.